Federal Bank offers the Fixed Deposit (FD) scheme at interest rates ranging between 2.50% p.a. and 5.60% p.a. for a deposit of up to Rs.2 crore. The tenure of the FD ranges between 7 days and 10 years. Senior citizens are offered an additional interest. The process to open an FD account with the bank is simple and can be completed both online and offline.
The procedure to open an account via net banking is mentioned below:
The procedure to open an FD account via the mobile app is mentioned below:
You can open an FD account by visiting the nearest Federal Bank branch. Once the application form and the relevant documents have been submitted, the FD account will be opened.
The main benefits of opening an FD account online are mentioned below:
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